From BTC Price to Growing Adoption: Top Bitcoin Stories From the Past Week

From BTC Price to Growing Adoption: Top Bitcoin Stories From the Past Week
фото показано с : bitcoinist.com

2019-3-31 17:00

“Life moves pretty fast. If you don’t stop and look around once in a while, you could miss it.” – Or you could just catch up with Bitcoinist’s new Sunday Digest. Where we bring together the important, interesting, or downright weird news from the past week in the world of cryptocurrency.

Bitcoin Price Breaks Through $4000

As reported on Wednesday, a new model for BTC price prediction estimates the value of $55,000 after next year’s reward halving. The model factors in the increasing scarcity, noting that stock-to-flow (SF) ratio has historically affected price directly. Following the halving, the predicted market cap for bitcoin is $1 trillion, translating to the $55,000 valuation.

On Friday, the bitcoin price surged through a key resistance point to hit a 3-month high. Although Bitcoin struggled to hold onto support around the $4000 mark earlier in the week, Friday’s push means a feared slide now seems less likely to happen. Altcoin markets also appeared slightly buoyed by the upwards momentum.

Weiss Crypto Ratings gave Bitcoin a top A-grade based purely on its tech and adoption. Bitcoin’s overall evaluation rating has also improved, due to the implementation of Lightning Network bringing lower fees and transaction times. Weiss noted that Bitcoin “is the best positioned [cryptocurrency] to become a popular store of value for savers and investors.”

BTC Acceptance

Bitcoin appears to be regaining popularity as a medium of exchange, with the announcement of new high-profile consumer outlets in Switzerland and Italy. The 5-star Dolder Hotel, and Autohaus Kessel car dealership will both start accepting bitcoin payments in May. This is in partnership with a new payments platform, form the Swiss Crypto-Valley startup scene.

A town in Canada, also announced that it will be accepting BTC from residents in regards to property taxes. Innisfil, in Ontario, will be the first Canadian municipality to accept cryptocurrency for tax payments.

Crypto News TidBits

According to the chairman of the Chicago Mercantile Exchange, part of the regulators’ issue with Bitcoin and cryptocurrency is due to the finite supply. Apparently, the fact that there will only ever be 21 million bitcoin, is just too hard for regulators to fit into their fiat-based worldview.

Big banks are quick to label Bitcoin as purely the domain of criminals. But since the last financial crisis, they have paid out over $243 billion in fines for questionable financial practices. If you really must involve yourself in fraud and money-laundering, then big banks are the place to do it.

Apple announced its new credit card this week, to an almighty ‘Meh!’

And Finally…

EOS founder and CEO, Dan Larimar took to Twitter, claiming he could ‘take down’ Bitcoin and Ethereum with relatively few resources. The comments appeared to target proponents of decentralization, who argue EOS’ centralized equivalent is less secure and less transparent.

What do you consider to be the most important story of the past week? Share your thoughts below!

Images via Shutterstock

The post From BTC Price to Growing Adoption: Top Bitcoin Stories From the Past Week appeared first on Bitcoinist.com.

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Источник: bitcoinist.com

price past → Результатов: 126


Ethereum May Surge 35% to $200 in Near-Term; What Will Fuel It?

Throughout the past month, the price of Ethereum (ETH) increased from $126 to $140, by more than 11 percent against the U. S. dollar. Similar to how several strategists expect the bitcoin price to increase substantially if it breaks the $4,200 resistance level in the near-term, traders foresee Ethereum rising to as high as $200 if it rebounds over crucial levels.

2019-3-31 13:29


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Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support

Since mid-February, the bitcoin market has continued to drift upward toward a band of strong, macro resistance (shown below as a red band). This slow, drift upward marks our fourth test of the resistance zone and, unlike the three prior tests, our rejection of the level has shown a weakness on the side of the bears:Figure 1: BTC-USD, Daily Candles, Fourth RejectionIf we compare the three prior rejections (labeled 1, 2 and 3), we see that the move into this resistance level was violent — and had equally violent rejections.

2019-3-29 02:21


EOS Price Analysis: Cryptocurrency surges by 14% as EOS gets podium finish on Weiss Ratings

EOS, the fourth largest cryptocurrency on CoinMarketCap was surging for the past few days. This hike can be linked to the release of Weiss Crypto Rating’s annual crypto report. It awarded EOS the second position and an A grade for its promising tech/adoption for long-term investors and an attractive risk/reward for short-term investors.

2019-3-28 18:30


Cardano [ADA] price set to bounce off resistance and head downwards; Here are the important levels to look out for

Cardano, the tenth largest cryptocurrency on CoinMarketCap had a decent rally over the past few days. The price of the cryptocurrency surged by 133% since December 16, 2018. However, the rally seems to be coming to an end as price candles have formed at the end of the ascending channel/rising channel.

2019-3-28 16:45


Newsflash: Bitcoin Price Stumbles Below $4,000; No Fret, A Swift Rebound is Coming

In the past several hours, the bitcoin price slipped below the $4,000 mark from $4,035 to $3,934, recording a 1 percent drop against the U. S. dollar. Given the fact that it took nearly three weeks for bitcoin to break out of the $3,000 region and reach $4,000, the sudden drop in the price of bitcoin below the $4,000 level initially led traders to reconsider the near-term price trend of the dominant cryptocurrency.

2019-3-26 11:50


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Ravencoin Price: Demand Is Outstripping RVN Supply

Ravencoin (RVN) doesn’t feature much in crypto coverage. Since it launched last January, the asset tokenization platform has largely stayed on the sidelines. With such a low profile, few noticed Ravencoin becoming one of the best performing digital assets over the past month – although an amusing Redditor, SlappyMcFartsack has dubbed the phenomenon ‘The Flappening’.

2019-3-25 21:50


Bitcoin Price: Key Technical Indicator Shows BTC Surging to $5,500

Throughout the past three months, the bitcoin price has flirted with the $4,200 resistance level, often struggling to maintain momentum above the key $4,000 mark. Several traders have demonstrated concerns over the extended period of stability demonstrated by bitcoin because, in late 2018, the cryptocurrency recorded a drop of around 50 percent following three months of stagnation in the $6,300 to $6,500 range.

2019-3-24 21:30


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Bitcoin Price Analysis: Slow Upward Drift Tests Market Supply

A slow, grinding upward drift has been the name of the game for bitcoin’s market over the last few weeks. The upward drift is bringing us slowly to a level that was previously rejected violently:Figure 1: BTC-USD, Daily Candles, Upward DriftOur third rejection of the red resistance level shown above brought the market into a test of macro support in the mid-$3,000s.

2019-3-23 01:23


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Op Ed: With Bitcoin, Anarchy Is the Point, Not the Problem

Last week, there was a panel at SXSW that was effectively a debate on the merits of permissioned blockchains versus permissionless systems like Bitcoin. I listened to the entire audio of the panel discussion, after Programming Bitcoin author Jimmy Song tweeted it out the other day, and I thought he did an awesome job of pointing out the key value proposition of Bitcoin and why it is not worth comparing to permissioned systems.

2019-3-23 17:29


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